Autodesk downgraded to Hold from Buy at Jefferies Jefferies downgraded Autodesk after its channel survey indicated weakening demand trends. The firm lowered its price target for shares to $34 from $39.
Autodesk downgraded at BofA/Merrill As previously reported, BofA/Merrill downgraded Autodesk to Underperform from Neutral. The analyst believes Autodesk shares are piced to perfection and said it is unclear how the planned perpetual license phase-out is progressing. Price target is $56.
Autodesk a top pick for 2015, says Cowen Cowen highlighted Autodesk as a top pick for 2015 as the company implements a plan to steer its customers to subscription offerings, which should lead to a wave of perpetual buying in the upcoming years. Cowen reiterated its Outperform rating and $73 price target on Autodesk shares.